We study the evolution of budget norms in Italy since the Second World War in order to evaluate their impact, if any, on the main Government fiscal indicators, such as public deficits and debt, public expenditures and tax burden. In order to study this issue in the Italian context, we construct an index broadly based on the work of Von Hagen (1992), with some differences related to the need to study a single country's fiscal performance over a quite long period of time. The index is composed of four sections representing the budgeting process. The scores, obtained from the index and related to the evolution of budget norms in Italy, are considered to empirically evaluate the impact of budget norms on government's fiscal indicators in the period under consideration

Are budget norms relevant to the dynamics of Government fiscal indicators? The case of Italy (1948-2014) / Fedeli, Silvia; Costarelli, Elena. - STAMPA. - (2015), pp. 19-52.

Are budget norms relevant to the dynamics of Government fiscal indicators? The case of Italy (1948-2014)

FEDELI, Silvia;COSTARELLI, ELENA
2015

Abstract

We study the evolution of budget norms in Italy since the Second World War in order to evaluate their impact, if any, on the main Government fiscal indicators, such as public deficits and debt, public expenditures and tax burden. In order to study this issue in the Italian context, we construct an index broadly based on the work of Von Hagen (1992), with some differences related to the need to study a single country's fiscal performance over a quite long period of time. The index is composed of four sections representing the budgeting process. The scores, obtained from the index and related to the evolution of budget norms in Italy, are considered to empirically evaluate the impact of budget norms on government's fiscal indicators in the period under consideration
TAKING UP THE CHALLENGE. FESTSCHRIFT FOR JUERGEN BACKHAUS
978-3-7316-1145-5
budget norms evolution; Italy; government fiscal indicators
02 Pubblicazione su volume::02a Capitolo o Articolo
Are budget norms relevant to the dynamics of Government fiscal indicators? The case of Italy (1948-2014) / Fedeli, Silvia; Costarelli, Elena. - STAMPA. - (2015), pp. 19-52.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/969502
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